Faith for Just Lending Coalition to Fight ‘Predatory Behavior’ of Payday Lending

By Elizabeth Bristow

Apr 11, 2016

WASHINGTON, D.C., April 11, 2016Barrett Duke of the Ethics & Religious Liberty Commission will join other leaders from a diverse coalition of faith-based institutions Wednesday, April 13, at 1 p.m. ET for a press call to discuss the findings of a new LifeWay Research poll and a Faith for Just Lending report.

The Faith for Just Lending report, The Collateral Consequences of Payday Loan Debt, will describe congregations and borrowers experiences with payday and car-title loans. The report and the LifeWay Research poll on the same topic will be released Wednesday.

"The predatory business model of the payday lending industry puts it in direct violation of the Bible's teaching, said Duke, ERLC vice president for public policy and research. Scripture makes it clear that God condemns activity that takes advantage of the poor and the desperate. We must insist that the payday lending industry's predatory behavior is reined in."

Payday loans, with annualized interest typically exceeding 300 percent, are legal in 30 states around the country and are coming under increasing scrutiny from federal and state policy-makers for causing long-lasting financial problems for families.

When: Wednesday, April 13 from 1 p.m. to 2 p.m. ET

Where: All participants interested in joining the call please RSVP to Katie.thompson@cpjustice.org for call in details.

The Southern Baptist Convention is Americas largest Protestant denomination with more than 15.8 million members in over 46,000 churches nationwide. The Ethics & Religious Liberty Commission is the SBCs ethics, religious liberty and public policy agency with offices in Nashville, Tenn., and Washington, D.C.

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Elizabeth Bristow

Elizabeth Bristow serves as the Press Secretary for the ERLC. Elizabeth oversees press and media operations for the organization and also coordinates marketing and advertising for ERLC events. Elizabeth received a B.A. in Public Relations and Marketing from Union University in 2010....
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